Moultrie County Property Taxes
The median property tax rate in Moultrie County is 2.15%, which is significantly higher than the national median of 0.99% but lower than the Illinois state median of 2.35%. With the median home value in Moultrie County at $97,648, the typical annual property tax bill reaches $2,121, which is below the national median of $2,690. Property taxes in Moultrie County are calculated based on the tax assessed value, which is generally lower than the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Moultrie County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Sullivan or another part of Moultrie County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moultrie County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$4,700
Ownwell’s Moultrie County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moultrie County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Moultrie County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Moultrie County, Illinois
Property taxes in Moultrie County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Moultrie County is 2.15%, which is higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Moultrie County set these rates annually, and they can vary significantly between different areas within the county. Each year, Moultrie County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Mattoon has one of the higher property tax rates in Illinois at 2.36%, while the city of Kirksville boasts one of the lowest at 1.58%. Analyzing how Moultrie County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Moultrie County Tax Rate
2.15%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moultrie County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allenville | 0.74% | 1.04% | 1.83% | 2.58% | 2.58% |
| Arthur | 1.42% | 1.87% | 2.09% | 2.32% | 2.47% |
| Bethany | 1.33% | 1.87% | 2.29% | 2.72% | 2.91% |
| Cadwell | 1.02% | 1.41% | 1.71% | 2.04% | 2.20% |
| Dalton City | 1.43% | 1.77% | 2.06% | 2.42% | 2.59% |
| Findlay | 1.91% | 1.95% | 2.06% | 2.38% | 2.41% |
| Gays | 0.85% | 1.28% | 1.69% | 1.98% | 2.39% |
| Hammond | 1.92% | 2.08% | 2.22% | 3.86% | 8.01% |
| Kirksville | 1.05% | 1.42% | 1.58% | 2.22% | 2.32% |
| Lake City | 1.20% | 1.39% | 1.75% | 2.13% | 2.13% |
| Lovington | 0.94% | 1.50% | 1.84% | 2.30% | 2.46% |
| Mattoon | 2.17% | 2.26% | 2.36% | 2.48% | 2.48% |
| Sullivan | 1.50% | 1.96% | 2.27% | 2.55% | 3.07% |
| Windsor | 1.01% | 1.50% | 1.89% | 2.27% | 3.04% |
Source: Ownwell
Property Tax Assessment Values Across Moultrie County, Illinois
In Moultrie County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Moultrie County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Moultrie County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the highest median tax bill in the county is $4,133 in Hammond, while the lowest is $561 in Allenville. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Moultrie County, Illinois
Source: Ownwell
$34,636
$96,488
$158,340
Average Moultrie County Assessed Value
$97,648
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moultrie County, Illinois
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allenville | $14,665 | $22,913 | $34,636 | $63,740 | $92,557 |
| Arthur | $53,605 | $82,629 | $128,253 | $192,850 | $270,449 |
| Bethany | $39,026 | $62,390 | $84,720 | $121,302 | $178,409 |
| Cadwell | $38,672 | $60,454 | $80,119 | $106,985 | $154,778 |
| Dalton City | $39,889 | $66,920 | $83,640 | $101,367 | $133,541 |
| Findlay | $70,023 | $124,480 | $158,340 | $177,369 | $233,205 |
| Gays | $18,697 | $44,208 | $78,885 | $122,686 | $190,612 |
| Hammond | $76,943 | $119,916 | $144,064 | $168,207 | $217,910 |
| Kirksville | $26,599 | $37,954 | $54,264 | $67,688 | $83,949 |
| Lake City | $12,873 | $31,816 | $63,078 | $101,832 | $128,556 |
| Lovington | $22,952 | $48,071 | $77,919 | $120,700 | $188,267 |
| Mattoon | $12,175 | $28,485 | $123,871 | $135,405 | $166,519 |
| Sullivan | $46,930 | $74,161 | $111,266 | $164,957 | $229,130 |
| Windsor | $25,160 | $65,873 | $108,462 | $148,042 | $172,443 |
Source: Ownwell
Property Tax Bills Across Moultrie County, Illinois
In Moultrie County, IL, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Local tax authorities determine this assessed value, and the property tax rate is then applied to it. The median home price in Moultrie County is $97,648, which influences the tax bill significantly. Homeowners at the 25th percentile can expect a tax bill around $1,223, while those at the 75th percentile may see bills as high as $3,481. For those at the 90th percentile, the tax bill can reach $5,226. Several factors contribute to these tax bills, including the home's location, its assessed value, and the specific tax rates set by local governments and school districts. Compared to the national median property tax rate of 0.99%, the rates in Moultrie County can result in varying tax burdens. This affects homeowners by influencing their overall housing costs and potentially impacting the affordability of owning property in different parts of the county.
Average Moultrie County Tax Bill
$2,121
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Moultrie County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Allenville | $190 | $324 | $561 | $1,237 | $1,645 |
| Arthur | $884 | $1,658 | $2,687 | $4,266 | $6,291 |
| Bethany | $618 | $1,157 | $1,846 | $2,930 | $4,626 |
| Cadwell | $620 | $807 | $1,252 | $2,033 | $3,369 |
| Dalton City | $670 | $1,156 | $1,687 | $2,178 | $3,018 |
| Findlay | $1,686 | $2,564 | $3,019 | $3,874 | $5,183 |
| Gays | $244 | $623 | $1,281 | $2,453 | $4,393 |
| Hammond | $2,633 | $3,377 | $4,133 | $5,261 | $8,542 |
| Kirksville | $411 | $598 | $883 | $1,140 | $1,299 |
| Lake City | $268 | $565 | $1,066 | $1,774 | $2,310 |
| Lovington | $332 | $743 | $1,321 | $2,286 | $4,245 |
| Mattoon | $623 | $711 | $2,954 | $3,356 | $3,714 |
| Sullivan | $852 | $1,608 | $2,548 | $3,789 | $5,502 |
| Windsor | $471 | $1,191 | $2,306 | $3,287 | $4,382 |
Source: Ownwell